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Cyprus Declines Chevron's Gas Field Development Proposal

Aug 25, 2023

Cyprus rejected Chevron Corp's plan to develop the island nation's offshore Aphrodite natural gas field, Bloomberg News reported on Friday, citing Energy Minister Giorgos Papanastasiou.Papanastasiou told Bloomberg that the concerned parties…

LNG: Asian Spot Prices Fall as Woodside Averts Strike

Aug 25, 2023

Asian spot liquefied natural gas (LNG) prices eased from five-month highs, after workers at Australia's Woodside Energy ruled out the possibility of striking work, bringing some calm to a market hit by extreme volatility in recent days.The average…

Hellenic Cables Awarded Cable Contract for Gennaker Offshore Wind Farm

Aug 25, 2023

Hellenic Cables announced it has been awarded an EPCI contract for the grid interconnection of the Western Offshore Substation of Gennaker Offshore Wind Farm in the Baltic Sea, off Germany.Hellenic Cables, the cables segment of Cenergy Holdings…

UN Rights Experts Raise Climate Change Concerns with Saudi Aramco

Aug 25, 2023

U.N. experts sent a letter of concern to Saudi Arabian oil giant Aramco, saying its expansion of fossil fuel production and ongoing exploration threaten human rights, a document posted on Friday showed.The company did not immediately respond to a Reuters request for comment…

Countdown is On for SPE Offshore Europe 2023

Aug 25, 2023

With just days to go until the 50th anniversary edition of SPE Offshore Europe 2023 launches, excitement is building for the milestone event.Register now for the free-to-attend conference and exhibition which will be held at P&J Live, Aberdeen…

Australia Union Threatens Strikes at Chevron LNG Facilities

Aug 25, 2023

Unions at Chevron's LNG facilities in Australia warned on Friday that work stoppages could cost the U.S. energy major billions of dollars if demands over wages and conditions were not met.The warning came even as workers at a nearby Woodside…

Vår Energi Appoints New CEO and COO

Aug 25, 2023

Vår Energi has changed its executive management team, with Nick Walker will be joining Vår Energi as CEO and current CEO, Torger Rød, is transfering to the new role as COO.Walker most recently held the position as CEO of European E&P independent…

Production Starts for Statfjord Øst Life Extension

Aug 25, 2023

Production has started at Equinor’s Statfjord Øst’s life extension project six months ahead of schedule. The project has involved the installation of a pipeline from Statfjord C to Statfjord Øst, where five new wells (sidetracks) will eventually be drilled with gas lift and new Christmas trees…

Oil Companies Sue Over Lease Changes Made to Protect Whales

Aug 24, 2023

An oil and gas industry trade group, the state of Louisiana and Chevron on Thursday sued the Biden administration over its decision to withdraw acreage from an upcoming oil and gas lease sale in the Gulf of Mexico to protect an endangered whale…

Petrobras CEO: Oil Industry is not the Villain

Aug 24, 2023

Petrobras CEO Jean Paul Prates participated in the CEO Oil and Gas Governors Meeting in Geneva this week and highlighted that it is crucial to raise people's awareness of the essential contribution of oil to the economy.The event was coordinated by the World Economic Forum…

PGS Awarded 3D Seismic Project Offshore Africa

Aug 24, 2023

Marine geophysical company PGS announced it has been awarded a 3D exploration acquisition contract offshore Africa.One of PGS' Ramform Titan Class vessel is expected to mobilize for the survey in the fourth quarter, subject to final approvals…

Offshore Wind: US Shipbuilders Answering the Call

Aug 24, 2023

It’s a big deal when a U.S. president visits an American shipyard, and these trips always send a message. When President Obama spoke at HII’s Newport News Shipbuilding in 2013, he warned of the consequences of sequestration. President Trump’s 2020 speech at Fincantieri Marinette Marine touted a $5…

Harbour Energy Tempers Production Outlook

Aug 24, 2023

Harbour Energy narrowed its annual production forecast range on Thursday, pulled down by a halt in sub-sea and platform drilling and a delay in some Beryl oilfield production wells coming online.Shares in Britain's largest North Sea oil and gas producer fell by more than 2% in morning trade…

Hunting Restructures Further Operations; Eyes Energy Transition

Aug 24, 2023

Hunting reported first-half core profit that more than doubled on Thursday and announced plans to slim down its non-core assets as the British oil and gas services firm aims to expand its presence in the energy transition markets.Shares fell by 7% in early trading…

Morgan Stanley Gets Behind Crowley's Offshore Wind Push

Aug 24, 2023

Morgan Stanley's infrastructure investment arm is teaming up with U.S. maritime, energy and logistics solutions company Crowley to advance offshore wind energy solutions for the United States.Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP)…

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